Word: powdered
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...sign a register. The medicines contain pseudoephedrine, a decongestant that works by shrinking blood vessels in the nose, lungs and other mucous membranes. Drug traffickers long ago discovered they could dissolve the pills in common chemicals and heat the mixture until the liquid evaporates and a powerful stimulant powder--known as meth, crank, crystal or ice--remains. As a result, 23 other states are considering similar legislation, and last week a federal bill, modeled on Oklahoma's statute, was introduced in the U.S. Senate by a group of bipartisan lawmakers from across the country, including states in which hospital admission...
...time to come--and not just food, water and medicine. "They've lost everything. You'd be surprised--they need little things we don't even think about in our daily lives," says Gail Neudorf, deputy director of emergency and humanitarian relief for CARE USA. "Things like soap, washing powder, buckets, bottles for water so you have a clean container to keep water in, cooking utensils, sleeping mats, clothing, blankets, diapers, sanitary pads, matches, candles, lanterns, cooking fuel. In time, we'll look at getting books for kids out there, school kits." Then the survivors will need another army...
...understand why the scandal didn't come to light sooner. Parmalat never publicly explained why it needed to continue borrowing money when its accounts claimed it was sitting on billions of dollars in cash. Nobody appears to have asked whether Cubans really needed $1.3 billion worth of milk powder--enough to supply everyone on the island with 60 gallons a year--and why the powder was being shipped from Singapore, of all places. And nobody challenged a key discrepancy: the amount of debt disclosed on the firm's balance sheet was at odds, by as much as $2.6 billion, with...
...offshore tax havens. (Zini, Bianchi and Penca deny any wrongdoing.) When the hole grew too large to hide, Tanzi, Tonna and the two auditors allegedly came up with Parmalat's most audacious invention: a bogus milk producer in Singapore that supposedly supplied 300,000 tons of nonexistent milk powder to a Cuban importer via Bonlat, a Cayman Islands subsidiary that held the fake Bank of America account. "What struck and surprises me is the simplicity," says Francesco Greco, the senior magistrate in Milan on the case. "It was almost banal...
...this offshore firm to another offshore entity that isn't consolidated in its accounts, thus making it appear that the loans are assets and the debt has been repaid. Step 9 As the amounts transferred offshore and off the books grow ever larger, Parmalat executives invent fictitious milk powder sales to justify them...